Deputy Manager - Legal
- Axis Max Life
- 4 - 6 years
- Noida, Gurugram
- 3 months ago
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Job Description
Job Summary:
- Overall legal and regulatory advisory
- Supporting insurance distribution partners
- Ad hoc projects in the Company
- Being updated with all legal and regulatory requirements
- Draft, review and negotiations of vendor contracts
- Data Privacy Compliance
Key Responsibilities:
1. Corporate Legal Advisory:
- Provide comprehensive advisory on Insurance Act, IRDAI regulations, guidelines, and circulars, Contract Act, Company Law, FEMA, SEBI, RBI, IT Act, 2000, DPDP Act and related frameworks.
- Advise business teams on new initiatives, partnerships, fintech integrations, and market expansion strategies.
- Assess regulatory risks and provide legal opinions or position notes on product filings, marketing campaigns, operational queries, and new ventures.
- Lead legal input for strategic and transformation projects; review and finalize business risk notes.
- Draft/review representations to IRDAI, Life Council, and other regulators.
- Periodic updates to or creation of internal policies, SOPs, and customer journeys to align with evolving legal compliances, including aligning with data privacy obligations.
2. Distribution, Business Enablement & Stakeholder Collaboration:
- Drafting, reviewing and negotiating vendor contracts and ancillary documents.
- Support legal structuring of customer journeys across digital and physical distribution models.
- Review and optimize existing journeys for legal and regulatory alignment without compromising customer experience.
- Participation in sandbox/innovation labs approved by IRDAI.
- Coordinate with external legal counsel for obtaining expert legal opinions and supporting the litigation team in advising in various customer and employee related matters.
3. Content & Communication Oversight:
- Review all customer-facing communications (website content, marketing material, disclaimers, SMS/Email campaigns) for legal accuracy and compliance.
- Ensure all digital assets, platforms and tools are compliant with applicable legal and regulatory norms for customers
4. Operations, Regulatory Audit and Governance:
- Provide cutting-edge legal support to operations, underwriting, customer service, and claims teams to enable seamless, compliant execution of business initiatives.
- Customer-centric legal advice and facilitate timely responses to operational queries with high-quality legal input.
- Drive initiatives to enhance efficiency, turnaround time, and responsiveness within the corporate advisory function.
- Provide training and awareness sessions for business and operational teams on regulatory and legal requirements
- Draft, review, and finalize responses to IRDAI queries, inspections, show-cause notices, and circular representations
Preferred Candidate Profile:
- L.LB.
- 5+ years' experience in handling legal roles
- Domain knowledge of insurance industry preferred
- Ability to draft quality content independently
- Ability to work in teams and as part of coalitions, both within and outside the company
Job Classification
Industry: InsuranceFunctional Area / Department: Legal & RegulatoryRole Category: Legal & Regulatory - OtherRole: Legal Rights - OtherEmployement Type: Full timeContact Details:
Company: Axis Max LifeLocation(s): Noida, Gurugram
Keyskills: Contract Management Contracting Legal Drafting Contract Negotiations Advisory FEMA Contract Drafting Vetting Contracts RBI Vetting Agreements Contracts SEBI
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